Zogenix Prices Public Offering of Common Stock
Zogenix, Inc. (ZGNX)
Last zogenix, inc. earnings: 3/2 04:01 pm
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US:NASDAQ Investor Relations:
zogenixinc.gcs-web.com/investor-overview
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Source: GlobeNewswire
EMERYVILLE, Calif., March 03, 2020 (GLOBE NEWSWIRE) -- Zogenix, Inc. (Nasdaq: ZGNX), a global pharmaceutical company developing rare disease therapies, announced today that it has priced an underwritten public offering of 8,520,000 shares of its common stock at a price to the public of $23.50 per share. The gross proceeds to Zogenix from the offering, before underwriting discounts and commissions and offering costs, are expected to be approximately $200.2 million. Zogenix has granted the underwriters a 30-day option to purchase up to an additional 1,278,000 shares of common stock. All of the shares to be sold in the offering are being sold by Zogenix. The offering is expected to close on or about March 6, 2020, subject to satisfaction of customary closing conditions. Zogenix intends to use the net proceeds from the proposed offering to support its activities related to the potential commercialization of FINTEPLA® for the treatment of Dravet syndrome, submission of regulatory app
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